Fic Capital Inc Lowers stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Fic Capital Inc reduced its stake in PNC Financial Services Group Inc by 2.19% during the most recent quarter end. The investment management company now holds a total of 39,387 shares of PNC Financial Services Group Inc which is valued at $3,347,895 after selling 880 shares in PNC Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.PNC Financial Services Group Inc makes up approximately 1.52% of Fic Capital Inc’s portfolio.

Other Hedge Funds, Including , Wilbanks Smith Thomas Asset Management boosted its stake in PNC in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 20,367 shares of PNC Financial Services Group Inc which is valued at $1,731,195. PNC Financial Services Group Inc makes up approx 0.17% of Wilbanks Smith Thomas Asset Management’s portfolio.Farr Miller Washingtondc boosted its stake in PNC in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 258,707 shares of PNC Financial Services Group Inc which is valued at $21,990,095. PNC Financial Services Group Inc makes up approx 2.40% of Farr Miller Washingtondc’s portfolio.Gamco Investors Et Al boosted its stake in PNC in the latest quarter, The investment management firm added 9,454 additional shares and now holds a total of 904,429 shares of PNC Financial Services Group Inc which is valued at $78,178,843. PNC Financial Services Group Inc makes up approx 0.50% of Gamco Investors Et Al’s portfolio.Hexavest boosted its stake in PNC in the latest quarter, The investment management firm added 356,606 additional shares and now holds a total of 641,522 shares of PNC Financial Services Group Inc which is valued at $52,662,541. PNC Financial Services Group Inc makes up approx 0.78% of Hexavest’s portfolio.First United Bank Trust boosted its stake in PNC in the latest quarter, The investment management firm added 1,537 additional shares and now holds a total of 3,936 shares of PNC Financial Services Group Inc which is valued at $323,146. PNC Financial Services Group Inc makes up approx 0.27% of First United Bank Trust’s portfolio.

PNC Financial Services Group Inc opened for trading at $85.98 and hit $86.38 on the upside on Tuesday, eventually ending the session at $85.71, with a gain of 0.21% or 0.18 points. The heightened volatility saw the trading volume jump to 15,03,695 shares. Company has a market cap of $42,119 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.75. The company had revenue of $3794.00 million for the quarter, compared to analysts expectations of $3826.61 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.88 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. Shares were Upgraded by Nomura on Jul 7, 2016 to ” Buy” and Lowered the Price Target to $ 84 from a previous price target of $95 .

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located in Pennsylvania Ohio New Jersey Michigan Illinois Maryland Indiana North Carolina Florida Kentucky Washington D.C. Delaware Virginia Alabama Missouri Georgia Wisconsin and South Carolina. The Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

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